TAO abnormal, up 18.13% in 24H

Member data shows that the current BTC price is below the EMA24 and EMA52 moving averages, and trading volume has significantly shrunk to 25% after the last 10 cycles, indicating weak market buying. Meanwhile, the distribution of chips shows strong support at $108020, but the current price has fallen below multiple key resistance levels, further confirming downward pressure. The MACD bar chart continues to shrink, with increased downward momentum. Although RSI has rebounded, it is still constrained below the 50 median line and overall weak. Pay attention to the gains and losses of the $108020 support, if it falls below or accelerates its downward trend. Unlock membership function and accurately capture trend turning points! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.

[Federal Reserve Governor Waller Says Current Focus Should Be on Continuing Rate Cuts] Federal Reserve Governor Waller stated that despite the risk of a government shutdown, the Fed can still access a substantial amount of data and should guide monetary policy based on the data. He emphasized that all data indicate the correct policy path at present is to continue advancing rate cuts.

[100 million USDC transferred from USDC Treasury to Coinbase] Whale Alert monitoring shows that 100 million USDC was transferred from USDC Treasury to Coinbase.

Custodia has expressed the possibility of applying for a retrial, in response to the judge panel's 2-1 ruling upholding the district court's refusal to allow cryptocurrency banks to access the Federal Reserve. Previously, Custodia was rejected for seeking direct access to the Federal Reserve's payment system, and this case has attracted widespread attention. There is controversy in the community over the ruling result, and Custodia's next move may affect the relationship between cryptocurrency banks and traditional financial institutions. （Decrypt）

Coinbase responded to allegations from US senators, stating that funding the construction of a new White House banquet hall is a non partisan project and denying allegations of corruption. （Cointelegraph）